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20121124
20121124
Search Results 0 to 14 of about 15 (some duplicates have been removed)
. life opens up when you do. >>> to front page politics and fiscal cliff negotiations round two. the president plans to meet with house and senate leaders for the second time next week on the matter. we have a little more than a month now to avoid triggering automatic tax increases, and massive budget cuts. one emerging point of contention, the president's signature affordable care act. in a cincinnati enquirer op-ed house speaker john boehner is calling for the law to be on the table in those negotiations. meantime a new political report says house republicans plan to vote next week on immigration legislation that would expand visas for foreign science and technology students. the plan would also make it easier for those with green cards to bring their immediate families to the u.s. >>> and this year's official christmas tree arrived at the white house friday with all the traditional fanfare atop a horse-drawn marriage. the 19 foot frasier fir is from north carolina. >>> joining me for more, white house correspondent for the hill, amy parnes. chief correspondent for mcclatchy n
and positioning over the fiscal cliff negotiations. >> would you subpoena a deal that does not include tax rate increases for the wealthy? is that something that's acceptable? >> no. pete: and a candid assessment of the stakes from one of the g.o.p.'s rising stars. >> the fiscal cliff is a creation of the political branch in washington, d.c. and an example of a dysfunctional process. that threatens our economy and millions of people across our economy. pete: is stalemate in washington stifling the economic recovery? joining us this thanksgiving week, peter baker of "the new york times." molly ball of "the atlantic." and jim tankersly of "national journal." >> award winning reporting and analysis. covering history as it happens. from our nationas capital, this is "washington week with gwen ifill." produced in association with "national journal." corporate funding for "washington week" is provided by -- >> we know why we're here. to chart a greener path in the air and in our factories. to find cleaner, more efficient ways to power flight. >> and harness our technology for new energy solutions. >>
into the fiscal cliff negotiations so for two large drugstore chains to say you got to get going. gerri: interesting to see if he derail everything. liz: they have a seat at the table. is not political. it seems to me when you read what they say it is not like they are saying we want a voice in what is going on. there saying our customers are concerned. of course it is a revenue problem. shoppers and consumers are not coming in because they're worried about the fiscal cliff. gerri: all singing the with one voice. interesting to see if anybody hears that. thanks for coming on. appreciate it. guess what else has joined the fiscal liftoff? the federal gas tax, special interests in washington are pushing for an increase in the gas tax which has been stuck at the same rate for 20 years. right now the federal gas excise tax stands at 18.4 presented gallon. it raises $37 billion a year from american motorists but the federal government spent more than that, $52 billion a year on highways so there's a $15 billion shortfall which has to be borrow and added to the deficit every year. naturally is
? >> we are seeing that the two sides are going to need to negotiate if we don't go over the fiscal cliff. i would point out that patty murray, a democratic senator from washington state says we should go over it, certainly in contrast to the rest of her party. so i think that we're seeing negotiations on both sides. but i want to point out what the fiscal cliff really means. it means the tax rates go up for everyone across the board. if you earn a paycheck, your taxes are going up. that's not just your federal income tax. that's your social security tax as well. we've been on a social security tax holiday, people are unaware of this, only as employees paying in 2.4%. after december, everyone will be paying 2% more. so this really is taxmaggedon. >> you heard it there, maria. house speaker john boehner says that he wants obama care on the table in this fiscal cliff negotiation. the president has said he's willing to thereon any good ideas. i'm not sure if he's going to think this is a good idea. you think he might listen to this one? >> i think he'll listen, but i think at the end of the
you. >>> to politics now and taxes. they are at the heart of the negotiations over the fiscal cliff. and now georgia senator saxby chambliss says a no tax pledge signed by most republicans is standing in the way of getting that deal done. >> times have changed significantly. and i care more about this country than i do about a 20-year-old pledge. i think we owe the debt and we've got to figure out a way to pay it. >> that pledge was written by grover norquist and his group americans for tax reform. norquist talked about this on cnn's "the situation room." >> the commitment he made to the people of georgia was not to me. it was a written commitment to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser, so we don't have to reform government, he needs to have that conversation with the people of georgia. >> we've got 38 days before we go over that cliff. if there's no deal before the end of the year, taxes will go up for every american. >>> amid fears the ce
. they are at the heart of the negotiations over the fiscal cliff. democrats want to raise them for the wealthy. republicans say no. >> now one leading republican may be breaking ranks. georgia senator saxby chambliss now says a no tax pledge signed by most republicans is standing in the way of getting a deal done. >> times have changed significantly. i care more about this country than i do about a 20-year-old pledge. i think we owe the debt and we've got figure out a way to pay it. >> specifically, chambliss was talking about grover norquist and his group americans for tax reform. they put out that no tax pledge. norquist talked about it on cnn's situation room". >> the commitment he made to the people of georgia was not to me. it was a written commitment to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser, so we don't have to reform government, he needs to have that conversation with the people of georgia. >> there are 38 days left till we reach the fiscal cliff
with the fiscal cliff. i want to go to your call for a special prosecutor. on benghazi, but, going to the fiscal cliff, the speaker making it very clear, that he's going to approach the negotiation of the white house, on the cliff, positively with some sense at least of accommodation, potential accommodation, if his terms are met. that is positive stuff, don't you think? >> well, it is positive. but, there's a lot of pressure, right now, and, of course, pressure is what you can use to take care bonn and make diamonds. this is the time to be bold. this is not the time to be defensive and i'm glad the speaker has come forward with a proposal but, the thing is, we ought to be taking the president's words and sticking them back with him. he wants everybody to pay their fair share. let's do it. let's have capital gains, 15%. let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in perc
a pragmatic deal on the fiscal cliff put yourself in a hole you won't get out. >> and what's the prague matism, prime minister is claiming. >> 4-1 tax spending cuts. >> i haven't heard that. >> i think that's what he's going to come up with. >> and they go back to the clinton tax rates and it's not going to solve anything. and as if to say. >> the other part, you have to take out spending and entitlements, he didn't do it, i'll grant you that, didn't do it because he was trying to contact the base on the left and-- >> and no, no, i said to win the election. as a president he's going to govern, you watch much more centrist and if the republicans don't set the table, this'll look at whacko right wing. >> they have been at the table. >> my gut is he's going to be a centrist and they'll get a deal. >> there you have it right here. coming up, does the tea party play an effective role in this year's election. that's ahead. ♪ ♪ >> welcome back, everybody. less than three weeks since the election and it's divide not between democrats and republicans, however, between the conservatives, tea party
by the negotiations referred to as the fiscal cliff in the next few weeks, several weeks, we could have, according to ben bernanke, a good year in the upcoming year. >> we spent the show talking about housing, energy, manufacturing, infrastructure, the things that could really light a fire under the economy here. let's say some of this goes right, not all of it, but some of it goes right. what does my viewer do that from an investment standpoint? >> they should be prepared for a surprise to the upside rather than the downside. with the fear psychology of the past few years has been one we don't want to lose any more money. let's get out of stocks, hide the stuff under the mattress. under the mattress includes money market funds which yield virtually nothing. so if there is a surprise to the upside, just any one of the few that you talkedun eed about, hot all of them could happen? stocks and other things will be going up in price. you probably want to have some exposure to that. i'm not suggesting for people who sold all their stocks or mutual funds several years ago, they take that money and put i
with the fiscal cliff talking about a special prosecutor with benghazi of the speaker makes it clear he will approach and a sheet -- negotiation positively with some sense of accommodation if his terms are met. that is pretty positive? >> there is a lot of pressure right now. that is what you use to take part been and make diamonds. you need to be bold, not offensive. the speaker came away with the proposal but we should take the president's words he wants everybody to pay their fair share. let's have capital gains come income tax, make sure warren buffett pays at least as much as his secretary and what has proposed will not have warren buffett pay the same. have a flat tax. if you make more, you pay more. lou: president himself may have been talking to you or others about the possibility of reforming the entire tax code. >> this is a great time. >> don't forget to the last time the senate had a budget is when her read worked with speaker pelosi nobody complained they're not spending enough money. 2.5 trillion goes off $1 trillion of spending right there. lou: there are always to get th
, that were not going to get the negotiations required to not sail along the fiscal cliff. >> the tax hike and the sequester, i consider them very different projects. obama is trying to put them together. the same way the guy who does three card monte. >> what i hear is one of them will be sailing off january 1. and at that point, doctors quit accepting medicare because they get 30% less, i believe the number is, payroll taxes go up, which sort of weeks all the people up, the 90% that never heard of sequester. i am having a very difficult time visualizing what february looks like when the press gets ahold of this, and then all of a sudden we also have the debt limit. i just can't see what we're going to do -- >> the debt limit is an additional tool to explain to obama that he is not the king, ok, and like henry the eighth, you have to go to parliament for money. he might want to nationalize the monasteries, but i do not think you can get as much these days as you could back then with that approach. you've got to go to parliament, you've got to go to congress for resources, for a debt ceili
approaching so-called fiscal cliff, which the thanksgiving holiday over, the president and top lawmakers are focusing this coming week on negotiating a deal on those expiring tax cuts and spending reductions that will automatically kick in december 31st, at midnight. so will we see more face-to-face meetings and what do both sides need to do? let's talk with angela mcglowan, and mark hammond a former aid to john kerry and nice to see you both. i predict more face-to-face meetings and i think they'll get together, kind of like holiday dinners, you see a lot of people you might not choose to see, but you have to see them, right. >> you have to see them and you might not want to see them again for another year, but, he yes, rick, they have to come to the table again and again and again until we reach a deal. if we go off the fiscal cliff, it's predicted that we will get another recession, now they're saying if we go off the fiscal cliff it only impact certain americans with taxes increasing and it will affect our country and economy. and we need face-to-face meetings and i don't think that
Search Results 0 to 14 of about 15 (some duplicates have been removed)